Shaanxi Lighte Optoelectronics Material Co.,Ltd.’s Net Profit Dropped 27% in First Quarter of 2023

Shaanxi Lighte Optoelectronics Material Co.,Ltd. (陕西莱特光电材料股份有限公司) (688150.SH) reported a net profit of 23.5 million yuan in the first quarter of 2023, down 27% year-on-year.

Meanwhile, the company posted 70.4 million yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 192.2 million yuan in total liabilities, with a liability-to-asset ratio of 10.1%.